M Stand, a trendy coffee chain brand, has announced its closing of Series B financing of over RMB500 million. The transaction was co-led by BA Capital and GenBridge Capital, two experienced venture capital investors in China’s consumer sector, and Gaorong Capital followed. Existing investors including CMC Capital Group and Challenjers Capital also participated. CEC Capital Group served as the lead financial advisor in this round.
The transaction was the largest Series B financing in China’s heated coffee sector.
Earlier this year, M Stand caught investors’ attention when it announced its closing of Series A financing led by CMC Capital Group and Challenjers Capital. Since then the company has vigorously built a market image of "better coffee enjoyed in trendier space” with its chic store designs and has aggressively pursued geographical expansion, nearly tripling its store counts in the past 6 months. With over thirty stores already opened in Shanghai, Hangzhou, Ningbo, Shenzhen and Guangzhou, M Stand will continue to speed up new store openings with a target of crossing the 100 store threshold by the end of the year.
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